Knit Mini-Stocking Gift Card Holder

Sometimes giving a gift card during the holidays feels a little impersonal. I like to dress up gift cards with a mini-stocking that can later be used as an ornament. This is a nice project for using up leftover bits from your yarn stash.
The socks are worked from the leg down and have a quick and easy short row heel.
Before you begin
Gauge: 32 sts x 42 rnds = 4 inches
Finished Measurements: 2 inches wide x 5 inches long
Materials
- 5-10 g of sock/fingering weight yarn in each of 2 colors
- US size 2 (2.75 mm) dpns, flexible dpns, or long circular needles for your favorite small circumference knitting method
- yarn needle
- US size C (2.75 mm) crochet hook
Abbreviations
CO - cast on
DS - double stitch
k - knit
k2tog - knit two stitches together
p - purl
RS - right side
WS - wrong side
Special Stitches
Double Stitch (DS)
On RS, knit stitch, turn work, slip stitch to right needle, pull working yarn firmly over the right needle.
On WS - purl stitch, turn work, bring working yarn forward between the needles, slip stitch to right needle, pull working yarn firmly over the right needle.
Directions
The cuff, and heel of the sock are worked in Color A. The remainder of the leg and foot of the sock are worked in Color B. Rnds begin/end at the side of the sock.
Leg
With Color A, CO 32 leaving a 24-inch tail to make the hanging loop later. Work k2, p2 ribbing for 8 rnds (¾ inch).
With Color B, k all sts for 27 rnds (2 ½ inches). Do not cut Color B.
Heel
With Color A,
Row 1 (RS): k15, DS in next stitch.
Row 2 (WS): p14, DS in next stitch.
Row 3: k13, DS in next stitch.
Row 4: p12, DS in next stitch.
Row 5: k11, DS in next stitch.
Row 6: p10, DS in next stitch.
Row 7: k9, DS in next stitch.
Row 8: p8, DS in next stitch.
Row 9: k7, DS in next stitch.
Row 10: p6, DS in next stitch.
For the second half of the heel, consider both front strands of the DS as a single stitch.
Row 11: k6, k in DS, DS in next DS.
Row 12: p7, p in DS, DS in next DS.
Row 13: k8, k in DS, DS in next DS.
Row 14: p9, p in DS, DS in next DS.
Row 15: k10, k in DS, DS in next DS.
Row 16: p11, p in DS, DS in next DS.
Row 17: k12, k in DS, DS in next DS.
Row 18: p13, p in 2 DS. End Color A
Rnd 19: Continuing in rnds with Color B and RS facing, k15, k in DS, k16
Rnd 20: k32.
Foot
K all sts for 15 rnds.
Toe
Rnd 1: [k2tog, k2] 8 times. (24 sts remain)
Rnd 2-3: k all sts.
Rnd 4: [k2tog, k1] 8 times. (16 sts remain)
Rnd 5: k all sts.
Rnd 6: [k2tog] 8 times. (8 sts remain)
Cut the yarn leaving a 12 inch tail. Using a yarn needle, draw the tail through the remaining 8 sts to finish.
Finishing
Using the CO yarn tail and a crochet hook, insert the hook into the CO edge and pull up a loop, chain 20 sts, fasten off and attach to the cast on edge to form a loop to hang the ornament.